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Amid a weakening global trend, gold futures traded lower by Rs 186 at Rs 27,262 per 10 gm today as speculators trimmed their positions. (AP)
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Arun Jaitley had said the gold monetisation scheme will replace both the present gold deposit and gold metal loan schemes. (AP)
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Foreign exchange used to import gold during the last three years totalled $34.41 billion in 2014-15; $28.70 billion in 2013-14 and $53.82 billion in 2012-13. (Reuters)
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India, the world's largest consumer of gold, imports around 800-900 tonnes of gold annually. Gold shipments in the country have been steadily rising after the Reserve Bank in November 2014 scrapped the 80:20 rule, under which it was mandatory for traders to export 20 per cent of the import. (Reuters)
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